*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to...
There is still room for further downward action
I am publishing this trade early due to the pop on the oscillator
It is our rule to protect capital first rather than trading with hope
Enjoy your profit!
Bitcoin seems to have found a floor at the 10k zone. We are now seeing new structure and significant breaks. There is a long road ahead to making new ATHs but I can see in the short term lots of potential for a good push.
Please have a look at a short term long position. There is also a potitential for a short aswell but this is depending on the buyer momentium....